Internal Audit Manager

To provide support to the Head of Internal Audit in the development and delivery of the Annual Audit Plan and any additional work that might arise, including corporate governance reporting. Ultimately so that the Internal Audit function can provide independent and objective assurance to the Executive and Audit Committee, regarding the state of operations and risk/control environment of business operations managed or overseen by Asta, and both their managed and outsourced clients. Asta’s Internal Audit team are unique in the market, providing assurance both internally to Asta Managing Agency, Asta Underwriting Management Limited (our MGA book of business) and a portfolio of outsourced clients. This means our Audit Managers have unprecedented access to Senior Management and Audit Committees, enabling them to develop the skills required to become a Head of Internal Audit quickly and efficiently.

Key Responsibilities

• Manage and/or perform internal audits in accordance with the Annual Audit Plan. This will involve interviewing staff and clients, gathering evidence, analysing processes and procedures and producing audit reports which clearly describe findings and associated recommendations.
• Assist in managing audits (end-to-end) being performed as part of the Annual Audit Plan by co-sourced partners - liaising with co-source providers, Asta Group employees and managed syndicates as necessary.
• Monitor the progress of agreed actions arising from finalised audits, to verify these have been implemented satisfactorily.
• Support the Head of Internal Audit in ensuring informative and timely reporting to both management and the various Audit Committees on matters of governance, risk management and internal control.
• May be required to present and respond to Audit Committee, senior management and client queries.
• Support the Head of Internal Audit in maintaining the documented audit universe and drafting of an annual audit plan.
• Support the Head of IA in maintaining and continuously improving the IA methodology and processes, including committee reporting.
• Co-operate with other managers involved in corporate governance, compliance and risk management functions to ensure effective coordination of all assurance functions.

Skills, Knowledge & Expertise

• Clear understanding of IIA Professional Standards and latest industry approaches and apply these to all audits.
• Demonstrable experience in the London insurance market, including Lloyd’s syndicates is ideal, though not a requirement.
• Good level of commercial awareness, and previous exposure to working with other risk assurance teams, an advantage.
• Professional accountancy/audit qualification, desirable though not a requirement.
• Effective report writing skills and ability to communicate complex issues clearly and concisely in writing.
• IT (Microsoft Office) and the ability to adapt to the use of other appropriate IT tools as necessary.

Job Benefits

At Asta, you’ll enjoy a market-leading benefits package that puts your wellbeing, career development and financial future first. We combine flexible working, strong family-friendly policies and exceptional rewards to create a supportive, inclusive and high-performing workplace.

• Work-life balance you can rely on: 35-hour working week with hybrid and flexible working.
• Generous holiday allowance that increases with service.
• Your health & wellbeing covered: Private medical insurance with virtual GP access, annual health screening, dental cover and eye care, subsidised gym or sports club membership.
• Support for you and your family: Enhanced maternity, paternity, adoption and shared parental pay.
• Rewarding your contribution: Highly competitive pension with up to 13% employer contribution, life assurance and income protection, discretionary annual bonus scheme, interest-free season ticket loan and salary sacrifice schemes.